TPI Composites (NASDAQ:TPIC) Price Target Increased to $3.70 by Analysts at Piper Sandler

TPI Composites (NASDAQ:TPIC) had its price objective raised by Piper Sandler from $3.50 to $3.70 in a research report report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Several other equities analysts also recently issued reports on TPIC. Roth Mkm lifted their price objective on TPI Composites from $3.30 to $3.75 and gave the company a neutral rating in a research report on Monday, May 6th. JPMorgan Chase & Co. increased their price target on shares of TPI Composites from $8.00 to $9.00 and gave the company an overweight rating in a research note on Tuesday, July 16th. Finally, Bank of America boosted their price objective on shares of TPI Composites from $5.00 to $6.00 and gave the stock a buy rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $5.09.

TPI Composites Stock Up 2.6 %

NASDAQ:TPIC opened at $3.90 on Monday. The firm has a market cap of $185.45 million, a PE ratio of -0.83 and a beta of 1.95. TPI Composites has a 12 month low of $1.63 and a 12 month high of $6.05. The company’s 50-day moving average price is $4.33 and its two-hundred day moving average price is $3.59.

Hedge Funds Weigh In On TPI Composites

A number of hedge funds and other institutional investors have recently bought and sold shares of TPIC. Oaktree Capital Management LP grew its position in shares of TPI Composites by 556.5% during the 4th quarter. Oaktree Capital Management LP now owns 4,600,642 shares of the industrial products company’s stock worth $19,047,000 after buying an additional 3,899,903 shares during the period. Vanguard Group Inc. raised its holdings in TPI Composites by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,286,597 shares of the industrial products company’s stock worth $6,654,000 after purchasing an additional 72,056 shares during the period. Clean Energy Transition LLP bought a new position in shares of TPI Composites during the fourth quarter worth $1,620,000. King Luther Capital Management Corp bought a new position in shares of TPI Composites during the second quarter worth $1,365,000. Finally, KBC Group NV grew its holdings in shares of TPI Composites by 5.9% in the 4th quarter. KBC Group NV now owns 318,049 shares of the industrial products company’s stock valued at $1,317,000 after buying an additional 17,743 shares during the period. 75.24% of the stock is owned by institutional investors.

About TPI Composites

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.